Which of the following is (are) false?
A) The constant dividend payout ratio policy will result in more variability in dividends than the
stable dollar dividend per share policy.
B) The small, regular dividend plus a year-end extra policy pays a small, regular dividend plus
a year-end extra dividend in good years.
C) The stable dollar dividend per share policy seeks to maintain a relatively stable percentage
dividend over time.
D) The constant dividend payout ratio policy seeks to pay a constant percentage of earnings each
year.
C
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The inventory master data normally contains standing data about each customer, such as name, billing and ship-to addresses, and telephone number
Indicate whether the statement is true or false
While reconciling the checking account, an accountant with Sonic Corporation noticed that an error had been made in recording a check received by the company. Sonic recorded the receipt as $729 and the correct amount of the check was $279 . What reconciling adjustment is required?
a. Add $450 to the company's book balance b. Deduct $450 from the company's book balance c. Add $450 to the bank statement balance d. Deduct $450 from the bank statement balance
A restraint that is merely ancillary to a contract may be legal if:
A. its purpose is to recover punitive damages. B. its purpose is to restrict trade indefinitely. C. it is designed to protect interests created by the contract. D. it attempts to relieve one party from liability for willful misconduct.
Customer lists are classified as intangible assets
Indicate whether the statement is true or false